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Feb 07 - 08:55 AM

AUD/USD - Momentum Stalls A Bit As Key Impediments Are Neared

By Christopher Romano  —  Feb 07 - 07:20 AM
  • AUD/USD rallied to 0.6540 in Asia then gave up some of those gains

  • USD/CNH fall to 7.1888 (D3), iron-ore (DCIOc2) gains helped buoy AUD/USD

  • US yield US2YT=RR lift & USD/CNH turn to positive aided the pull back

  • AUD/USD opened NY near 0.6525, was up only +0.04% in early NY trading

  • Techs lean bearish; rally off Feb. 5 low appears corrective in nature

  • Falling monthly RSI, hold below daily cloud, 10- %200-DMAs reinforce signals

  • Remarks from Fed's Kugler, Collins, Barkin, Bowman may impact risk Thursday

  • US December international trade is the lone data risk during NY hours

  • China PPI & CPI are key data risks in Asia for Thursday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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